IFSC Code of Bank Of India, Powerhouse Branch, Bhilai, Chhattisgarh — BKID0000UTL

The IFSC Code is a very important number used in India for digital banking and online money transfers that ensures seamless and accurate fund transfers. In case you are sending money through NEFT, RTGS, or IMPS, the bank requires you to enter the correct IFSC Code to route your payment to the right branch. If you are searching for the IFSC Code of Bank Of India for its Powerhouse Branch branch in Durg, Bhilai, Chhattisgarh, this complete guide will provide you with detailed information.

The banking system in India has changed over the years, and today customers of Bank Of India located in Durg or anywhere in Chhattisgarh can transfer funds instantly by using the correct IFSC Code BKID0000UTL. Knowing how the IFSC Code works will help you stay informed and avoid transfer issues.

Details of IFSC Code for Bank Of India, Powerhouse Branch, Durg

Below in the table are the key details related to IFSC Code BKID0000UTL of Bank Of India for its branch located in Durg, within the district of Bhilai in the state of Chhattisgarh.

These details are crucial, not just for online banking users but also for businesses and individuals who use Bank Of India in Durg for recurring financial transactions. If you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code BKID0000UTL for the Powerhouse Branch branch of Bank Of India has an important role.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, including Bank Of India located in Powerhouse Branch, Durg, Chhattisgarh, is provided with a unique IFSC like BKID0000UTL to ensure that online payments reach the right destination.

The IFSC Code is important because:

• It uniquely identifies the Bank Of India branch in Durg.
• It helps NEFT, RTGS, and IMPS systems route the transfer securely.
• It avoids any errors or confusions between multiple branches of the same bank across different places like Durg and Bhilai.
• It reduces errors in fund transfers and improves accuracy.
• It allows sender banks to validate and confirm branch details before processing payments.

There are thousands of branches across Chhattisgarh and the rest of India and the IFSC Code ensures that transactions meant for Bank Of India in Powerhouse Branch do not get mixed with another location.

Format of the IFSC Code BKID0000UTL

The format of the IFSC Code for banks, including Bank Of India, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown of this:

• First 4 characters (AAAA): Represent the bank code. For Bank Of India, these characters are the bank's short identifier.
• 5th character (0): Always zero which is reserved for future use.
• Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Powerhouse Branch in Durg.

For example, the IFSC Code BKID0000UTL of Bank Of India for the Powerhouse Branch branch includes these elements, identifying the bank and the branch location in Durg and Chhattisgarh accurately.

How to Find IFSC Code for Bank Of India?

If you are trying to find the IFSC Code BKID0000UTL of Bank Of India for its Powerhouse Branch branch located in Durg, the following methods can help:

Cheque Book

The cheque book issued by Bank Of India includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.

Passbook

Most banks, including Bank Of India branches in Durg and Bhilai, print the IFSC and MICR codes on the first page of your passbook.

Bank Website

Visit the official website of Bank Of India and navigate to the branch locator section. Search for Powerhouse Branch or Durg to get the exact IFSC Code BKID0000UTL.

Mobile Banking App

If you use Bank Of India's mobile app, you can check your account details to find your branch's IFSC code.

RBI Website

The Reserve Bank of India keeps an updated list of all IFSC codes. If you search for Bank Of India and Durg, you'll get the correct details.

How to Use IFSC Code BKID0000UTL for Online Transfers?

Once you have the IFSC Code BKID0000UTL for the Powerhouse Branch branch of Bank Of India in Durg, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code BKID0000UTL. Transfers are processed in batches. This is suitable for personal and business payments.

RTGS

Used for high-value payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. Requires the recipient's account details and Bank Of India IFSC Code BKID0000UTL.

Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Bank Of India Powerhouse Branch in Durg may result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for cheque clearance and differ from IFSC codes. If you are looking for the MICR code of Bank Of India in Powerhouse Branch, here are some ways to obtain it:

• Check the bottom of your cheque leaf.
• Refer to the first page of your passbook.
• Visit the official Bank Of India website.
• Search the RBI portal.

Having both the IFSC and MICR codes makes it easy for account holders in Durg to handle online money transfers and get their cheques cleared smoothly.